BorgWarner (BWA)

• Market cap: $6.08B
• 1 day: -2.73%
• 5 days: -4.27%
• 1 month: -5.51%
• 3 months: -18.41%
• 6 months: -13.75%
• Year to date: -11.30%
• 1 year: -14.44%
• 5 years: 8.26%
• 10 years: -52.76%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Parts & Accessories

About: BorgWarner is a tier one supplier of turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems mostly to automotive original equipment manufacturers. Its products aim to move a vehicle with as few electrons as possible, resulting in cleaner, cost-optimized, and more-efficient vehicles. Foundational products, the combustion vehicle business, contributes more than 80% to group revenue while BorgWarner transitions to becoming an electric vehicle-centric parts supplier (e-business). In 2023, 25% of the company's revenue was sourced from Volkswagen and Ford. Revenue is well diversified geographically, with approximately a third each generated in North America, Europe, and Asia.

Employees: 38,300

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

39% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 72

31% more call options, than puts

Call options by funds: $23.1M | Put options by funds: $17.7M

7.38% more ownership

Funds ownership: 92.49% [Q3] → 99.86% (+7.38%) [Q4]

3% more funds holding

Funds holding: 598 [Q3] → 615 (+17) [Q4]

7% less repeat investments, than reductions

Existing positions increased: 215 | Existing positions reduced: 232

9% less capital invested

Capital invested by funds: $7.65B [Q3] → $6.94B (-$702M) [Q4]

40% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 3 (-2) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 12% upside
• Avg. target: $41 46% upside
• High target: $49 76% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Morgan Stanley Adam Jonas 51% 1-year accuracy 25 / 49 met price target	44% upside $40	Overweight Maintained	3 Mar 2025
Barclays Dan Levy 29% 1-year accuracy 12 / 41 met price target	51% upside $42	Overweight Maintained	11 Feb 2025
Evercore ISI Group Chris McNally 25% 1-year accuracy 2 / 8 met price target	44% upside $40	Outperform Maintained	10 Feb 2025
Wells Fargo Colin Langan 25% 1-year accuracy 9 / 36 met price target	48% upside $41	Overweight Maintained	7 Feb 2025
JP Morgan Ryan Brinkman 34% 1-year accuracy 12 / 35 met price target	76% upside $49	Overweight Maintained	27 Jan 2025